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Value of 2000 Australian Dollars today

$100 in 2000
$198.33 in 2024

The inflation rate in Australia between 2000 and today has been 98.33%, which translates into a total increase of $98.33. This means that 100 dollars in 2000 are equivalent to 198.33 dollars in 2024. In other words, the purchasing power of $100 in 2000 equals $198.33 today. The average annual inflation rate between these periods has been 2.89%.

Inflation timeline in Australia (2000 - 2024)

The following chart depicts the equivalence of $100 due to compound inflation and CPI changes. All values are equivalent in terms of purchasing power, which means that for each year the same goods or services could be bought with the indicated amount of money.

All calculations are performed in the local currency (AUD) and using 6 decimal digits. Results show only up to 2 decimal digits to favour readability. Inflation data is provided by governments and international institutions on a monthly basis. Today's values were extrapolated from the latest 12-month rolling average official data.

The following table contains relevant indicators:

Indicator Value
Cumulative inflation 2000-2023 88.07%
Cumulative inflation 2000-today 98.33%
Avg. Annual inflation 2000-2023 2.78%
CPI 2000 66.38
CPI 2023 124.84
CPI 2024-Q3 (latest official data) 129.19
CPI today 131.65

How to calculate today's value of money after inflation?

There are several ways to calculate the time value of money. Depending on the data available, results can be obtained by using the Consumer Price Index (CPI) formula or the compound interest formula.

Using the CPI formula

When we have both the start and end years, we can use the following formula:

Valuet =Value0 ×
CPIt/CPI0

To obtain the values equivalent in buying power between 2000 and 2023, use the corresponding CPI values:

Value2023
=Value2000 ×
CPI2023/CPI2000
=$ 100 ×
124.84/66.38
$188.07

To obtain the equivalent value today (present value), plug in the CPI for today, which is estimated as 131.65:

Valuetoday
=Value2000 ×
CPItoday/CPI2000
=$ 100 ×
131.65/66.38
$198.33

Alternative: Using the compound interest formula

Given that money changes with time as a result of an inflation rate that acts as compound interest, we can use the following formula: FV = PV × (1 + i)n, where:

  • FV: Future Value
  • PV: Present Value
  • i: Interest rate (inflation)
  • n: Number of times the interest is compounded (i.e. # of years)

In this case, the future value represents the final amount obtained after applying the inflation rate to our initial value. In other words, it indicates how much are $100 worth today. There are 23 years between 2000 and 2023 and the average inflation rate was 2.7844%. Therefore, we can resolve the formula like this:

Value2023
=PV × (1 + i)n
=$100 × (1 + 0.027844)23
$188.07

Australia inflation - Conversion table

Initial Value Equivalent value
$1 dollar in 2000 $1.88 dollars in 2023
$5 dollars in 2000 $9.4 dollars in 2023
$10 dollars in 2000 $18.81 dollars in 2023
$50 dollars in 2000 $94.04 dollars in 2023
$100 dollars in 2000 $188.07 dollars in 2023
$500 dollars in 2000 $940.36 dollars in 2023
$1,000 dollars in 2000 $1,880.73 dollars in 2023
$5,000 dollars in 2000 $9,403.64 dollars in 2023
$10,000 dollars in 2000 $18,807.28 dollars in 2023
$50,000 dollars in 2000 $94,036.39 dollars in 2023
$100,000 dollars in 2000 $188,072.79 dollars in 2023
$500,000 dollars in 2000 $940,363.94 dollars in 2023
$1,000,000 dollars in 2000 $1,880,727.88 dollars in 2023
Cumulative inflation From 2000 98.33%
Avg. annual inflation From 2000 2.89%
CPI 2000 66.38
CPI today 131.65

Value of Dollar over time (by year)

Period Value
2000 100
2001 104.41
2002 107.52
2003 110.46
2004 113.05
2005 116.09
2006 120.22
2007 123.02
2008 128.37
2009 130.64
2010 134.45
2011 138.89
2012 141.34
2013 144.81
2014 148.41
2015 150.65
2016 152.57
2017 155.54
2018 158.52
2019 161.07
2020 162.43
2021 167.09
2022 178.1
2023 188.07
2024-Q3 194.61
Today 198.33

All available years

Today's value of australian dollars by year:

1949 | 1950 | 1951 | 1952 | 1953 | 1954 | 1955 | 1956 | 1957 | 1958 | 1959 | 1960 | 1961 | 1962 | 1963 | 1964 | 1965 | 1966 | 1967 | 1968 | 1969 | 1970 | 1971 | 1972 | 1973 | 1974 | 1975 | 1976 | 1977 | 1978 | 1979 | 1980 | 1981 | 1982 | 1983 | 1984 | 1985 | 1986 | 1987 | 1988 | 1989 | 1990 | 1991 | 1992 | 1993 | 1994 | 1995 | 1996 | 1997 | 1998 | 1999 | 2000 | 2001 | 2002 | 2003 | 2004 | 2005 | 2006 | 2007 | 2008 | 2009 | 2010 | 2011 | 2012 | 2013 | 2014 | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 |

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